New York Times (November 1)
“After shocks from the pandemic and Russia’s invasion of Ukraine, there’s little cushion if the fighting between Hamas and Israel becomes a regional conflict.” An escalation would cloud “the global economy’s outlook, threatening to dampen growth and reignite a rise in energy and food prices.” An escalation would also mark the first time the world has dealt with two simultaneous energy shocks.
Tags: Energy, Escalation, Fighting, Food, Global economy, Hamas, Invasion, Israel, Outlook, Pandemic, Regional conflict, Russia, Shocks, Ukraine
The Economist (June 16)
“India and China have their first deadly clashes in 45 years.” Although “artillery and tanks” stayed quiet, front-line soldiers engaged wielding “only sticks and stones.” When “the final rocks had been thrown, at least 20 Indian troops lay dead….Chinese casualties are unknown.” The hostilities are “a sign of worrying military escalation between Asia’s giants.”
Tags: Artillery, Casualties, China, Clashes, Escalation, Front-line, Hostilities, India, Soldiers, Sticks, Stones, Tanks
Financial Times (May 16)
By delaying any decision to impose car tariffs by 6 months, “President Donald Trump has dodged an immediate collision with the EU and Japan on trade.” While expected, “the move means that the US has avoided blowing up trade relations with the EU and Japan amid an escalation of its dispute with China.”
Tags: Car tariffs, China, Collision, Delay, Dispute, Escalation, EU, Japan, Trade, Trump
Institutional Investor (June 27)
“Further escalation between the U.S. and China could make U.S. Treasuries less dependable.” But that’s only the tip of the iceberg. “Every trade is financed…. Trade and capital flows are part and parcel of a complex system. Mess with trade flows and there will be ‘unintended’ impacts on capital flows. Equally, disturb capital flow and there will be an impact on trade flows.” As trade issues also flare up with NAFTA and Brexit, it’s “no wonder equity markets are volatile.”
Tags: Brexit, Capital flows, China, Equity markets, Escalation, Impacts, Nafta, Trade, Treasuries, U.S., Unintended, Volatile
Financial Times (June 26)
U.S. “intelligence agencies have for several years identified cyber threats as a bigger risk than terrorism.” Though huge, the threat is little understood. Such is “the opacity of cyber space that the risks of massive miscalculation resulting in catastrophic escalation” are “hair-raisingly high” and the “ultimate nightmare” is “that we might sleepwalk into a cyber-Armageddon, just as Europe’s political leaders had stumbled into the first world war.”
Tags: Cyber threats, Escalation, Europe, Intelligence, Miscalculation, Nightmare, Risk, Sleepwalk, Terrorism, U.S., WW1
The Economist (November 30, 2013)
“Plenty of countries establish zones in which they require aircraft to identify themselves, but they tend not to be over other countries’ territory.” China’s unilateral declaration of an air defense identification zone (ADIZ) over Japanese territory has also heightened tension between the U.S. and China. “This face-off marks the most worrying strategic escalation between the two countries since 1996, when China’s then president, Jiang Zemin, ordered a number of exclusion zones for missile tests in the Taiwan Strait, leading America to send two aircraft-carriers there.”
Tags: ADIZ, Aircraft, Aircraft-carriers, China, Escalation, Exclusion zones, Face-off, Jiang Zemin, Missile tests, Taiwan Strait, Tension, Territory, U.S.
